Ita McMahon

Castlefield primarily manages investments in UK equities, with all non-UK investments subcontracted to external specialist managers via collective funds. The firm define their investment approach as core, pragmatic and flexible, with expertise concentrated on UK stock picking and asset allocation for multi-asset portfolios. They apply a common strategy to segregated and pooled funds.

TCAM is an active, long-term manager which performs in-house fundamental research, aiming to deliver superior long-term investment performance by constructing focused portfolios which balance performance with risk and volatility. The firm combines bottom-up stock selection with the application of carefully developed themes and evaluates companies at three levels to identify mispriced stocks. They typically hold investments for three to four years. TCAM believes that the market can inefficiently discount company specific events such as management change and devotes their analytical resources to changing company situations. Their funds operate an exclusion policy, avoiding companies believed to expose investors to unacceptable financial risk resulting from poor management of environmental, social and governance issues.